Sequent Planning LLC Has $2.75 Million Stake in Invesco QQQ (NASDAQ:QQQ)

Sequent Planning LLC reduced its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 8.4% during the 4th quarter, Holdings Channel.com reports. The fund owned 5,374 shares of the exchange traded fund’s stock after selling 495 shares during the period. Invesco QQQ accounts for about 1.0% of Sequent Planning LLC’s portfolio, making the stock its 23rd largest position. Sequent Planning LLC’s holdings in Invesco QQQ were worth $2,747,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. GAMMA Investing LLC boosted its position in shares of Invesco QQQ by 159.6% during the 4th quarter. GAMMA Investing LLC now owns 3,349 shares of the exchange traded fund’s stock valued at $1,712,000 after acquiring an additional 2,059 shares in the last quarter. Principal Financial Group Inc. boosted its position in shares of Invesco QQQ by 141.0% during the 3rd quarter. Principal Financial Group Inc. now owns 19,399 shares of the exchange traded fund’s stock valued at $9,468,000 after acquiring an additional 11,351 shares in the last quarter. NRI Wealth Management LC acquired a new stake in shares of Invesco QQQ during the 4th quarter valued at about $28,729,000. Garden State Investment Advisory Services LLC boosted its position in shares of Invesco QQQ by 13.1% during the 3rd quarter. Garden State Investment Advisory Services LLC now owns 30,990 shares of the exchange traded fund’s stock valued at $15,169,000 after acquiring an additional 3,581 shares in the last quarter. Finally, Silverleafe Capital Partners LLC boosted its position in shares of Invesco QQQ by 16.8% during the 4th quarter. Silverleafe Capital Partners LLC now owns 45,312 shares of the exchange traded fund’s stock valued at $23,165,000 after acquiring an additional 6,518 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Stock Up 0.3 %

NASDAQ:QQQ opened at $480.84 on Monday. The firm has a market cap of $303.05 billion, a PE ratio of 30.74 and a beta of 1.11. Invesco QQQ has a 12 month low of $413.07 and a 12 month high of $540.81. The company’s 50-day moving average price is $511.30 and its two-hundred day moving average price is $504.45.

About Invesco QQQ

PowerShares QQQ Trust, Series 1 is a unit investment trust that issues securities called Nasdaq-100 Index Tracking Stock. The Trust’s investment objective is to provide investment results that generally correspond to the price and yield performance of the Nasdaq-100 Index. The Trust provides investors with the opportunity to purchase units of beneficial interest in the Trust representing proportionate undivided interests in the portfolio of securities held by the Trust, which consists of substantially all of the securities, in substantially the same weighting, as the component securities of the Nasdaq-100 Index.